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and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good opportunity to elevate my gain. neil: did this is anything to do with you becoming a skunk at your own party's picnic, a lot of tea party's frustrated on what appears to be a hatchetting of tea party types in the house that tapper tarp that brought, -- tea party that brought your party to majority in the house. >> sense -- the senate is different, now i'm in senate with pat tumi and marco rubio, and soon to be ted cruz. neil: you are in a bigger minority now. you are not feeding the beast i'm throwing at you. there is a riff, that everyone is, you saw this page, that everyone is
and as a partisan elect the official in senate, there are things that i can do. but i can do more to take that positive message around the country and build coalitions with governors and organization, to prove to people to show them, that these ideas of make their lives better. i don't think that we've done a good enough job of doing that, this is an urgent time, i feel we can't wait another few years, i first intended to make politics my career, i have limit my term, this is just a good...
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his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming. the housing secretary cannot rule it out. he is highly concerned that there may be one. they found it has a 13.6, pardon me, $16.3 billion capital reserve shortfall. they say it is too soon to say whether the fha will need any money from the treasury. they are increasing fees and making other changes to avoid a bailout. >> it is time to get serious reform for fha. if it is not too late already. right now, the question is quickly becoming not if, but when. peter: the final accounting would be done at the end of fiscal year 2013. the administration says it will not signal his in
his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming....
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the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right into the obamacare law and that means upper being in earners will see billions of dollars in tax hikes as it is. for democrats it is not enough. with republican lawmakers backing off the pledge not to raise taxes looks like tax hikes for the wealthy are certainty. joining for more, grover norquist, president of americans for tax reform. thanks so much for joining us. >> absolutely you say a lot of people are missing the fact that obamacare baked in a ton of tax hikes for wealthier americans as it is? >> people talk about the fiscal cliff as if it is one thing. it is three. there's the obamacare taxes. to pay for obamacare were
the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked right into the obamacare law and that means upper being in...
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i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard frm the president is a hard-line was no negotiation on the tax side and not one word about the entitlement reforms that would ha to match that for this plan to make any sene. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again that i think our marks against this lame-duck session lou: you have projected, the action form has projected 10 million prospect of possibly 10 million people losing jobs, 10 percent unemployment. a 4% reduction in gdp if we go over that cliff. correct? >> that is absolutely right. i mean, this is a big tax increase. it's a big spending cut. more mportantly, if you look at the debt ceiling debate, we saw a sharp drop in consumer confidence and we saw that today in the december number. a sharp drop in consumer confidence, and you a
i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard frm the president is a hard-line was no negotiation on the tax side and not one word about the entitlement reforms that would ha to match that for this plan to make any sene. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually...
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dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the bi shot hollywood agency william morris to represent him in...
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elections haveonsequences. at that right now. lou: i think we all agree about consequences. certainly. your thoughts on this? does it looto you right now like we are going to avoid this fiscal clif? the president, but the brilliant idea? it's interestinhow he does this. he initiates an ultimatum and the goes passi aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy whicch obviously has completely confounded republican eaders. >> yes, and the polls show that the american people are proud and -- probably ging to blend republicans now matter what happens. lou: slightly. >> therefore i think that is what you're seeing with president obama's attitude here. lou: does irritate you to think that they are going to blame the republicans denied republicans are basically saying, you know, we are going to step back because you're going to blame us instead of coming up with an answer, a rejoinder to the president's going after them. and they don't have a strategy. they don't have a mesage. they don't want anybody to think badly of them. >> he
elections haveonsequences. at that right now. lou: i think we all agree about consequences. certainly. your thoughts on this? does it looto you right now like we are going to avoid this fiscal clif? the president, but the brilliant idea? it's interestinhow he does this. he initiates an ultimatum and the goes passi aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy whicch obviously has completely confounded republican eaders. >> yes, and the...
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are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in a union if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. what you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri: lets get what we always talk about on the show. that is the
are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with...
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melissa: republicans lost five house seats in the november election and admitted to wanting to get it done before the legislature takes office next month. unions may not like it. it is proorkers pro-growth, pro-employment, pro-economy. you name it. good for them. still to come my two cents more on barney frank's next career move. it is a shocker. will it be a merry little christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear a what 2013 has in store for us. ♪ . melissa: "fox business alert" for you now. tflix is facing scrutiny over a facebook post by its ceo. listen to this. securities & exchange commission recommending action be brought against ceo reed hastings. he posted hisonline video, viewing exceeded one billion hours for the first time ever in june. information how the company was performing. the sec says that information should have been disclosed in a regulatory filing or news release. shares of netflix rose more than 6% on the day ofhe post and another 13 points on the next trading day. in response to the sec notice hastings
melissa: republicans lost five house seats in the november election and admitted to wanting to get it done before the legislature takes office next month. unions may not like it. it is proorkers pro-growth, pro-employment, pro-economy. you name it. good for them. still to come my two cents more on barney frank's next career move. it is a shocker. will it be a merry little christmas for the stock market? scott martin will tell us whether santa will bring a bull or a bear a what 2013 has in store...
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. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. t parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, bse it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? >> >> driving and eating, hey, the a city i south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculs. >> neil: this is one town that won'tee cavuto passing through soon. thank you. ben, what do you thinof it? >> cooking while driving. (laughter) a
. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. t parent company of red lobster, filing a fight for the president's health care law, not because of...
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and i think that they're certainly trying to leverage off of tt since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their ow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for e president's health care law, not becse of the actual law, becauset criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? oh!oh! >> apparently theseuys just found o that they could get fine for eating while dving. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, hoho! [ male announcer ] lease a 2013 glk35
and i think that they're certainly trying to leverage off of tt since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their ow, painful death. >> on that upbeat note. i want you to look at this. the parent company of...
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. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in washington institute fellow eric trager, and president obama back on the campaig trail continuing to successfully dress up his ultimatum on higher taxes as a republican decision rather than his own declaration. his staff organized a sit-down wi a middle class family today in virginia claiming congress is to blame p they fail to yield to his ultimatum. why is the mainstream liberal media ignoring the reality it's the president's ultimatum driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dicta
. >> after my election, i have more flexibility. >> i understand. i just need permission -- lou: a full report on the disturbing turn of events in syria and the likely price of russian cooperation on syria. another middle east dictator, egyptian leader, morsi, with a concession to the opponents inviting them to hold talks on the crisis. is that enough to appease proteste who plan larger demonstrations tomorrow? we'll be talking with fox news middle east expert while ferris in...
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they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a tad hypocritical? we will deal with it next. streamline the proce? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated techcal analysis one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. >> coming up tonight at 7:00 eastern, the obama middle east policy
they spent over 400 million dollars to get president obama re-elected. stuart: 400 million, that's a gigantic chunk of money. peter, always a pleasure, thanks very much for being with us, on a very important day. tomorrow will be a very important day because it is right to workday back in michigan. we appreciate you being with us. >> thank you very much. stuart: yes, sir. the white house sends out invitations to the inaugurations a lot of cash in return for access. does that sound just a...
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this is the same media that got president obama elected and the same media that's now going to brow beat any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they back off because of media and public pressure? >> yes, for the most part, yes. the problem is that the media coverages, they're not reporting that darden and other restaurants like it can no longer offer the health insurance plans they were offering. they've got a lot of of turnover and half the work force quit because health reform outlaws the so-called mini-med plan. and the other issue, too, now we've got an environment where ceo's cannot speak up about the impact of health reform and bottom li
this is the same media that got president obama elected and the same media that's now going to brow beat any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to...